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DC Field | Value | Language |
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dc.contributor.author | Adamopoulos, Antonios | - |
dc.contributor.author | Thalassinos, Eleftherios I. | - |
dc.date.accessioned | 2020-05-22T09:51:45Z | - |
dc.date.available | 2020-05-22T09:51:45Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Adamopoulos, A., & Thalassinos, E. I. (2020). Tourism development and economic growth: a comparative study for the G-6 leaders. European Research Studies Journal, 23(1), 368-380. | en_GB |
dc.identifier.issn | 11082976 | - |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/56573 | - |
dc.description.abstract | Purpose: The paper investigates the relationship between tourism development and economic growth for the six richest countries globally for the period 1995-2017 by estimating a simultaneous system equations model. The purpose of this paper is to examine the long-run relationship between these variables by the use of the two-stage least squared methodology. Design/Methodology/Approach: A structural system equation model is estimated for the G-6 leader countries and then we apply a Monte Carlo simulation method, in order to find out the predictive ability of the equation model. Findings: The results of this study indicated that there is a positive relationship between tourism development and economic growth taking into account the negative effect of interest rates and the positive effect of investments, trade openness, and consumption on economic growth. Practical Implications: The group of six leader countries is a group consisting of Canada, France, Germany, Italy, United Kingdom, and USA regarded as the most industrialized countries in the world. Originality/Value: The study offers an in-depth insight into econometric modelling of economic growth. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Piraeus. International Strategic Management Association | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Tourism -- Canada | en_GB |
dc.subject | Tourism -- France | en_GB |
dc.subject | Tourism -- Germany | en_GB |
dc.subject | Tourism -- Italy | en_GB |
dc.subject | Tourism -- United States | en_GB |
dc.subject | Tourism -- United Kingdom | en_GB |
dc.subject | Economic development -- Canada | en_GB |
dc.subject | Economic development -- France | en_GB |
dc.subject | Economic development -- Germany | en_GB |
dc.subject | Economic development -- United States | en_GB |
dc.subject | Economic development -- Italy | en_GB |
dc.subject | Economic development -- United Kingdom | en_GB |
dc.subject | International trade | en_GB |
dc.subject | Algorithms | en_GB |
dc.title | Tourism development and economic growth : a comparative study for the G-6 leaders | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | European Research Studies Journal | en_GB |
Appears in Collections: | European Research Studies Journal, Volume 23, Issue 1 |
Files in This Item:
File | Description | Size | Format | |
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Tourism Development and Economic Growth_ A Comparative Study for the G-6 Leaders.pdf | 396.07 kB | Adobe PDF | View/Open |
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